Four Things Every Nonprofit Contracting with Government Should Do - "The White House Office of Management and Budget (OMB) rules known as the Uniform Guidance went into effect at the end of 2014, streamlining the rules governing administrative requirements, cost principles, and audit requirements on federal awards, removing inconsistencies in the old circulars.
Donors, lawmakers, and other stakeholders are looking at your nonprofit’s "program efficiency ratio" (PER) as an indicator of good stewardship. If your organization has a low ratio, it can indicate that you devote too many resources to fundraising and management rather than program activities. However, the ratio doesn't paint the entire picture. Get tips from CPA Dennis Walsh on how to keep from being judged unfairly.
How Much Profit Does a Nonprofit Need? identifies the key variables and explains how any organization can calculate the minimum profit it needs to prevent slow, steady erosion of the quality of its output. (Nonprofit Quarterly)
Many nonprofits have been wondering how to claim the small employer health care tax credit. Get answers from the IRS website--Small Business Health Care Tax Credit Questions and Answers: How to Claim the Credit (en español).
How To Develop Your Nonprofit Operating Reserve examines common factors that organizations should take into account when considering how much to set aside for their operating reserve. (npENGAGE)
Since there is no education credential or professional license for bookkeepers, their skillls can range widely. In this article, Mig Murphy Sistrom, CPA, provides a brief quiz that will help you determine if you need a skilled bookkeeper or not.
© North Carolina Center for Nonprofit Organizations, Inc. From Common Ground, a publication of the North Carolina Center for Nonprofits, www.ncnonprofits.org.
Investing for Impact: Indirect Costs Are Essential for Success addresses how governments that hire charitable nonprofits to deliver services and then reimburse them for less than reasonable indirect costs undermine the ability of nonprofits to deliver high quality services. (National Council of Nonprofits)
IRS Publication 1771, Charitable Contributions - Substantiation and Disclosure Requirements explains the federal tax law for organizations such as charities and churches that receive tax-deductible, charitable contributions and for taxpayers who make contributions. It also discusses types of receipts (written versus e-mail) and thresholds. (IRS)
In many nonprofits, a time comes when the question arises: should the organization accept personal loans from board members? Although this article does not try to answer that question, it does outline some of the choices in how such loans can be made and can be used as a starting point for discussion with your board or personal financial advisor. (Blue Avocado)
Loans From Nonprofit Board Members
Kate Barr, executive director of Propel Nonprofits, lays out how to understand the roles of the treasurer and finance committee, along with how to recruit for these positions.